Cloud-based procurement

Cloud-based procurement is a digital way for organizations to manage their purchasing activities using online platforms hosted on remote servers. Instead of relying on traditional paper-based processes or standalone software, companies can access and automate sourcing, supplier management, purchase orders, and payments through cloud services. This approach offers real-time collaboration, improved efficiency, and scalability, allowing teams to make smarter purchasing decisions faster. It also reduces costs related to infrastructure and maintenance, making procurement more streamlined, transparent, and responsive to business needs.